The tax credits offered by the IRS for new and existing home buyers have expired as of April 30, 2010. All I can say is, 'WOW, what a run we had on home sales!!'
The response to this program was simply phenomenal. I have never before witnessed any type of tax incentive that has had so much positive outreach to so many people. The program literally changed lives for the better in countless situations. I am sincerely honored to have been a part of this amazing economic recovery boost. To witness first-hand the elation - the tears of joy - home buyers expressed as they realized their dreams is something that will always remain with me.
What is the future of the home buyer tax credit? The future remains uncertain at this time. It may well be the program has run its course. If there is any breaking news, I will be certain to report it right hear at my blog, my REAL blog, for Fergus Falls REAL Estate.
In the meantime, it appears the economy is starting to move forward in our neck of the woods. There is evidence of home buyer demand. There are some great, great properties on the market, and interest rates are amazing.
Thinking of buying a new home . . . or selling your existing home? We need to talk! Give me a call at your earliest convenience for all the real estate news you can use!!
Stay tuned -
Jon Drews, Associate Broker with Century 21 Vista, Inc. in Fergus Falls and Otter Tail County.
(218) 770 - 3500
www.FergusFallsRealEstate.com
